Choice Hotels International, Inc. (NYSE:CHH) Position Reduced by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 276,424 shares of the company’s stock after selling 3,106 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.59% of Choice Hotels International worth $36,018,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Empowered Funds LLC bought a new position in Choice Hotels International during the third quarter valued at about $358,000. Huntington National Bank grew its stake in shares of Choice Hotels International by 4.7% in the 3rd quarter. Huntington National Bank now owns 2,267 shares of the company’s stock worth $295,000 after purchasing an additional 101 shares during the last quarter. Versor Investments LP bought a new stake in shares of Choice Hotels International in the 3rd quarter worth approximately $860,000. Venturi Wealth Management LLC lifted its stake in Choice Hotels International by 42.0% during the third quarter. Venturi Wealth Management LLC now owns 2,481 shares of the company’s stock valued at $323,000 after purchasing an additional 734 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of Choice Hotels International by 20.2% in the third quarter. Crossmark Global Holdings Inc. now owns 2,288 shares of the company’s stock valued at $298,000 after buying an additional 385 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CHH. Susquehanna lifted their target price on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Truist Financial cut their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. The Goldman Sachs Group raised their price objective on shares of Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Barclays boosted their target price on shares of Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird upped their price target on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $130.00.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the sale, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. The trade was a 14.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrick Pacious sold 26,816 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the sale, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $58,551,123.54. This trade represents a 6.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,437 shares of company stock valued at $9,788,980. 24.02% of the stock is currently owned by corporate insiders.

Choice Hotels International Stock Performance

Shares of CHH opened at $150.59 on Tuesday. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $153.81. The company’s fifty day moving average is $139.24 and its 200-day moving average is $127.79. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. During the same quarter in the prior year, the company earned $1.82 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts expect that Choice Hotels International, Inc. will post 6.84 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were given a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.76%. Choice Hotels International’s dividend payout ratio (DPR) is currently 22.03%.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.